- Agrees with the Fed chair about details of the economy.
- Agrees that inflation is the Fed’s main issue right now.
- On inflation it is important to understand what is the nature of the supplies shocks or is a demand driven inflation.
- Pretty clear that inflation from overheated demand is hard to address.
- Inflation has continued longer than expected.
- Was okay with holding rates steady at July FOMC
- Does not have strong opinion about number of FOMC meetings
This article was written by Greg Michalowski at investinglive.com.